Reklaim Announces Plans for Strategic M&A to Boost Accretive Revenue Growth

NEW YORK, Sept. 14, 2022 (GLOBE NEWSWIRE) -- via InvestorWire -- Reklaim (OTCQB: MYIDF) (TSXV: MYID) ("Reklaim"), the destination for consumers to access and reclaim their data, announces plans to explore strategic M&A deals with data partners that are struggling with compliance issues in the face of a rapidly changing privacy market. Privacy laws such as GDPR in Europe and CCPA & CPRA in California require that data companies obtain explicit consumer consent to remain compliant in selling their data. Additionally, large data firms such as Oracle and others have recently become the focus of litigation for their data practices. Many firms operating in the data space today may not have the tools or the interface to communicate with consumers. As a result, these companies may be exposed to potential litigation and business risk in the near future. Furthermore, as more brands look to replace their existing data suppliers with those adhering to new privacy standards, there may be pressure on these firms to find a partner to solve this compliance gap. Reklaim is that solution.

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